Home Depot reported today that it spent $43 million in it’s third quarter dealing with the fallout of it’s security breach earlier this year. Of the $43 million, $15 million will be paid for out of its $100 million cyber liability policy. From the press release: The retailer warned that it expects “to incur significant […]
Continue reading → [DISPLAY_ACURAX_ICONS]The insurance trade rag Property And Casualty 360 wrote about medical identity theft and the impact is staggering. First just one example breach – A physician office’s server, which contained unencrypted information on 2,500 patients, was hacked and encrypted. The hackers demanded $50,000 to unencrypt the information and return control of the server. That obviously, […]
Continue reading → [DISPLAY_ACURAX_ICONS]CORRECTION: I said below that the hackers stole 25 GB of data. According to CSO Online, they RELEASED 25 GB of data and this is only a fraction of what they stole. UPDATE: Brian Krebs (KrebsOnSecurity.com) is now reporting additional information: The attackers stole 25 GB of data The malware destroyed data on an unknown […]
Continue reading → [DISPLAY_ACURAX_ICONS]As the stakes go up, so do the creativity of the legal defenses. According to an article in Bloomberg news, Target says that they have no legal obligation to banks that claim they lost tens of millions of dollars as a result of last year’s breach and they want the judge to dismiss the case. […]
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